TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 02-01-2024 , and ending 01-31-2025

Name of foundation
THE TITMUS FOUNDATION

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 10
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
SUTHERLAND, VA23885

A Employer identification number

54-6051332

B Telephone number (see instructions)

(804) 265-5834

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$29,444,220J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments	64,767		64,767
4	Dividends and interest from securities...	1,065,462		1,065,462
5a	Gross rents............	5,000		5,000
b	Net rental income or (loss) 5,000
6a	Net gain or (loss) from sale of assets not on line 10		4,284,887
b	Gross sales price for all assets on line 6a 7,105,810
7	Capital gain net income (from Part IV, line 2)...			4,284,887
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	-1,337	-1,337
12	Total. Add lines 1 through 11........	5,418,779		5,418,779
13	Compensation of officers, directors, trustees, etc.	186,250		74,500	111,750
14	Other employee salaries and wages......	63,765		31,883	31,882
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	7,800	3,120	4,680
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	225	90	135
17	Interest...............	3,591		3,591
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	109,571	17,302	10,829
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	2,319	2,319
20	Occupancy..............	20,110		8,043	12,067
21	Travel, conferences, and meetings.......	113			113
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	59,857	28,363	31,419
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	453,601		169,211	202,875
25	Contributions, gifts, grants paid.......	1,061,178			1,061,178
26	Total expenses and disbursements. Add lines 24 and 25	1,514,779		169,211	1,264,053
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	3,904,000
b	Net investment income (if negative, enter -0-)			5,249,568
c	Adjusted net income (if negative, enter -0-)...

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	242,877	84,602	84,602
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule) 328,833
		Less: allowance for doubtful accounts	368,024	328,833	328,833
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	8,652,729	List of Attached Documents: // Content 9,367,206	17,842,696
	c	Investments—corporate bonds (attach schedule).......	701,750	List of Attached Documents: // Content 845,493	839,699
	11	Investments—land, buildings, and equipment: basis 596,548
		Less: accumulated depreciation (attach schedule)	596,548	List of Attached Documents: // Content 596,548	2,020,100
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,096,133	List of Attached Documents: // Content 7,379,841	8,043,422
	14	Land, buildings, and equipment: basis 107,533
		Less: accumulated depreciation (attach schedule) 76,673	33,179	List of Attached Documents: // Content 30,860	30,860
	15	Other assets (describe )	List of Attached Documents: // Content 196,583	List of Attached Documents: // Content 158,440	List of Attached Documents: // Content 254,008
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	14,887,823	18,791,823	29,444,220
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds	14,887,823	18,791,823
	29	Total net assets or fund balances (see instructions).....	14,887,823	18,791,823
	30	Total liabilities and net assets/fund balances (see instructions).	14,887,823	18,791,823

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

14,887,823

Enter amount from Part I, line 27a .....................

3,904,000

Other increases not included in line 2 (itemize) right arrow

Add lines 1, 2, and 3 ..........................

18,791,823

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

18,791,823

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	2,800 SHS ALBEMARLE CORPORATION	P	2024-01-01	2024-12-31
b	543 SHS B. RILEY FINANCIAL INCORPORATED FXD NT	P	2023-03-09	2024-02-29
c	50,000 SHS JPMORGAN CHASE BANK COLUMBUS, OH	P	2024-03-26	2024-10-28
d	500 SHS SHOPIFY INCORPORATED CLASS A (CANADA)	P	2024-07-01	2024-11-12
e	125 SHS SOLVENTUM CORPORATION COM SHS	P	2023-05-12	2024-04-03
	50,000 SHS BANK OF CHINA NEW YORK, NY	P	2024-03-26	2024-06-28
	50,000 SHS JPMORGAN CHASE BANK COLUMBUS, OH	P	2024-03-26	2024-09-30
	50,000 SHS KEARNY BANK KEARNY, NJ	P	2024-06-28	2024-10-15
	100,000 SHS SUNFLOWER BANK DENVER, CO	P	2024-03-15	2024-06-26
	500 SHS ABBOTT LABS	P	2007-02-02	2024-02-21
	3,500 SHS ABBVIE INCORPORATED	P	2023-01-01	2024-12-31
	2,457 SHS B. RILEY FINANCIAL INCORPORATED FXD NT	P	2023-01-01	2024-12-31
	100,000 SHS BANK OF AMERICA CORPORATION	P	2022-10-18	2024-10-21
	3,000 SHS COLGATE PALMOLIVE COMPANY	P	2007-02-02	2024-12-31
	4,000 SHS CONOCOPHILLIPS	P	2007-02-02	2024-12-31
	3,500 SHS DOMINION ENERGY INCORPORATED	P	2007-02-02	2024-12-31
	4,000 SHS DUKE ENERGY CORPORATION NEW COM NEW	P	2007-02-02	2024-12-31
	2,000 SHS EXXON MOBIL CORPORATION	P	2007-02-02	2024-12-31
	100,000 SHS GOLDMAN SACHS GROUP, INC	P	2023-10-27	2024-10-31
	1,000 SHS HONEYWELL INTERNATIONAL INC	P	2007-02-02	2024-12-31
	2,750 SHS INTEL CORPORATION	P	2023-01-01	2024-08-02
	1,000 SHS JPMORGAN CHASE & COMPANY	P	2023-01-01	2024-05-16
	250 SHS M & T BK CORPORATION	P	2019-09-09	2024-11-06
	1,250 SHS MERCK & COMPANY INCORPORATED	P	2007-02-02	2024-12-31
	2,750 SHS NEWMONT CORPORATION	P	2023-12-31	2024-09-24
	3,000 SHS NISOURCE INCORPORATED	P	2007-02-02	2024-12-31
	2,000 SHS PNC FINL SYCS GROUP INCORPORATED	P	2023-01-01	2024-12-31
	1,500 SHS PEPSICO INC	P	2007-02-02	2024-12-31
	1,000 SHS PROCTER AND GAMBLE COMPANY	P	2007-02-02	2024-12-31
	1,325 SHS QUALCOMM INCORPORATED	P	2023-01-01	2024-12-31
	625 SHS SOLVENTUM CORPORATION COM SHS	P	2023-01-01	2024-04-03
	1,400 SHS STANLEY BLACK & DECKER INCORPORATED	P	2023-01-01	2024-12-31
	250 SHS TARGET CORPORATION	P	2023-01-01	2024-03-06
	3,000 SHS 3M COMPANY	P	2023-01-01	2024-05-16
	6,500 SHS TOUCHSTONE BANKSHARES INCORPORATED	P	2010-05-11	2024-07-25
	15,000 SHS UDR INCORPORATED REIT	P	2007-02-02	2024-12-31
	2,500 SHS VERIZON COMMUNICATIONS INCORPORATED	P	2007-02-02	2024-09-16
	3,000 SHS WALMART INCORPORATED	P	2018-06-20	2024-12-31
	1,000 SHS ABBOTT LABS	P	2007-02-02	2025-01-27
	ENTERPRISE PROD PARTNERS LP K-1 - SEC 1231	P	2024-01-01	2024-12-31
	ICAHN ENT LP K-1 - SHORT TERM	P	2024-01-01	2024-12-31
	ICAHN ENT LP K-1 - LONG TERM	P	2023-01-01	2024-12-31
	PLAINS ALL AMER PIPE K-1 - SEC 1231	P	2024-01-01	2024-12-31

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	332,501	296,849	35,652
b	13,575	13,530	45
c	50,000	50,000
d	53,738	32,356	21,382
e	8,063	7,897	166
	50,000	50,000
	50,000	50,000
	50,000	50,000
	100,000	100,000
	58,369	4,921	53,448
	653,129	55,774	597,355
	61,425	61,466	-41
	100,000	100,004	-4
	282,761	15,095	267,666
	510,835	28,091	482,744
	206,287	34,398	171,889
	415,116	96,606	318,510
	243,672	8,942	234,730
	100,000	100,006	-6
	212,307	28,846	183,461
	59,700	77,328	-17,628
	201,842	95,208	106,634
	52,018	32,489	19,529
	159,615	17,678	141,937
	152,930	114,072	38,858
	88,561	6,304	82,257
	379,089	320,995	58,094
	267,692	2,634	265,058
	172,718	54,924	117,794
	250,231	140,377	109,854
	40,314	46,981	-6,667
	149,721	120,275	29,446
	42,595	41,094	1,501
	313,267	298,713	14,554
	81,308	36,617	44,691
	660,558	104,276	556,282
	110,991	30,624	80,367
	245,256	84,186	161,070
	125,626	9,842	115,784
		107	-107
		422	-422
		894	-894
		102	-102

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			35,652
b			45
c
d			21,382
e			166




			53,448
			597,355
			-41
			-4
			267,666
			482,744
			171,889
			318,510
			234,730
			-6
			183,461
			-17,628
			106,634
			19,529
			141,937
			38,858
			82,257
			58,094
			265,058
			117,794
			109,854
			-6,667
			29,446
			1,501
			14,554
			44,691
			556,282
			80,367
			161,070
			115,784
			-107
			-422
			-894
			-102

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	4,284,887
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	72,969
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	72,969
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	72,969
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a	83,431
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	16,000
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	99,431
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. List of Attached Documents: // Content		8	5
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	26,457
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax26,457	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ (2) On foundation managers. right arrow

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

N/A

The books are in care of right arrow

EDWARD TITMUS Telephone no. right arrow

(804) 265-5834

Located at right arrow

PO BOX 10SUTHERLANDVA ZIP+4 right arrow

23885

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
EDWARD B TITMUS	President 30.00	82,175
PO BOX 10 SUTHERLAND,VA23885	President 30.00	82,175
MICHAEL G MYATT	Director 1.00	575
PO BOX 10 SUTHERLAND,VA23885	Director 1.00	575
JAMES A BABER IV	Director 1.00	0
PO BOX 10 SUTHERLAND,VA23885	Director 1.00	0
EDWARD H TITMUS III	Executive V.P. 30.00	51,175
PO BOX 10 SUTHERLAND,VA23885	Executive V.P. 30.00	51,175
KIMBERLY T PRZYBYL	Secretary 30.00	51,175
PO BOX 10 SUTHERLAND,VA23885	Secretary 30.00	51,175
BRIAN D WILKINS	Treasurer 1.00	575
PO BOX 10 SUTHERLAND,VA23885	Treasurer 1.00	575
ANDREW J WHITE	Director 1.00	575
PO BOX 10 SUTHERLAND,VA23885	Director 1.00	575

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

26,712,804

Average of monthly cash balances.......................

341,703

Fair market value of all other assets (see instructions)................

2,379,793

Total (add lines 1a, b, and c).........................

29,434,300

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

29,434,300

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

441,515

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

28,992,785

Minimum investment return. Enter 5% (0.05) of line 5................

1,449,639

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

1,449,639

Tax on investment income for 2024 from Part V, line 5 .......

72,969

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

72,969

Distributable amount before adjustments. Subtract line 2c from line 1............

1,376,670

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

1,376,670

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

1,376,670

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

1,264,053

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

1,264,053

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

	(a) Corpus	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7			1,376,670
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......		1,242,994
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $ 1,264,053
a Applied to 2023, but not more than line 2a		1,242,994
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........	0
d Applied to 2024 distributable amount.....			21,059
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........			1,355,611
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:

EDWARD B TITMUS
PO BOX 10
SUTHERLAND,VA23885
(804) 265-5834

bThe form in which applications should be submitted and information and materials they should include:

A FORMAL APPLICATION IS NOT REQUIRED

cAny submission deadlines:

THERE ARE NO SUBMISSION DEADLINES

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

THERE ARE NO RESTRICTIONS OR LIMITATIONS

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
FROM K-1 PLAINS ALL AMERICAN PIPELI 333 CLAY ST STE 1600 HOUSTON,TX77002	NONE		CONTRIBUTION REPORTED ON K-1	13
SEE ATTACHED SCHEDULE PO BOX 10 SUTHERLAND,VA23885	NONE	PC	VARIOUS	1,061,162
FROM K-1 ENTERPRISE PRODUCTS PARTNE PO BOX 4018 HOUSTON,TX77210			CONTRIBUTION REPORTED ON K-1	3
Total ................................. 3a				1,061,178

bApproved for future payment

Total ................................. 3b

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........			14	64,767
4 Dividends and interest from securities ....			14	1,065,462
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			16	5,000
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............			18	4,284,887
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: aPUBLICLY TRADED PARTNERSHIPS			14	-1,677
bRESIDEO TECHNOLOGIES SETTLEMEN			14	340
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..				5,418,779

13Total. Add line 12, columns (b), (d), and (e)..................

5,418,779

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:	24020490
Software Version:	2024v5.2

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

TY 2024 AccountingFeesSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING FEES	7,800	3,120	0	4,680

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 AmortizationSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Description of Amortized Expenses	Date Acquired, Completed, or Expended	Amount Amortized	Deduction for Prior Years	Amortization Method	Current Year Amortization	Net Investment Income	Adjusted Net Income	Total Amount of Amortization
REFORESTATION COST	2019-08-01	24,581	15,804	7.0000	3,512			19,316
REFORESTATION COST	2022-03-24	9,975	2,613	7.0000	1,425			4,038

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense
FARM HOUSE RENOVATIONS	1993-09-02	11,172	8,692	SL	39.0000	286
WHIPPERNOCK NEW ROOF	2000-08-08	10,368	6,240	SL	39.0000	266
AIR CONDITIONING UNIT CK30	2001-05-09	1,350	794	SL	39.0000	35
HEAT PUMP WIPPERNOCK FARM	2010-12-31	4,575	1,531	SL	39.0000	117
BASEMENT RENOVATIONS	2011-04-21	7,468	2,436	SL	39.0000	191
IMPROVEMENTS - WHIPPERNOCK (FLOORS)	2013-05-06	3,464	957	SL	39.0000	89
VINYL SIDING - FOUNDATION OFFICE	2014-07-31	15,066	3,667	SL	39.0000	386
GENERATOR	2018-11-20	6,732	3,477	SL	10.0000	673
ACER DESKTOP & SAMSUNG MONITOR	2021-08-02	1,381	690	SL	5.0000	276

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Name of Bond	End of Year Book Value	End of Year Fair Market Value
BANK OF AMERICA CORPORATION 6%
DOMINION ENERGY INC 5.25% 08/01/2033	149,649	148,106
GOLDMAN SACHS GROUP INC 5% 9/20/2032	50,006	49,428
GOLDMAN SACHS GROUP INC 6.5% 11/9/2032	100,006	99,342
JP MORGAN CHASE & CO 6%	100,006	100,727
GOLDMAN SACHS GROUP INC 7%
JP MORGAN CHASE & CO 5.75%	100,006	99,982
BANK OF AMERICA CORPORATION 5.5%	50,006	49,826
GOLDMAN SACHS GROUP INC 5.15%	45,919	44,841
JEFFERIES FINANCIAL GROUP INC	100,006	99,277
JP MORGAN CHASE 6% 01/27	100,006	98,774
PPL ELECTRIC UTILITIES CORPORATION	49,883	49,396

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Name of Stock	End of Year Book Value	End of Year Fair Market Value
ABBOTT LABS	103,738	575,685
ABBVIE INC	72,730	459,750
AT&T INCORPORATED	183,984	437,225
BRISTOL MYERS SQUIBB	133,160	471,600
CHEVRON CORP	459,894	1,044,330
COLGATE - PALMOLIVE CO	20,126	346,800
CONOCOPHILLIPS	176,014	494,150
DOMINION ENRGY	249,447	1,000,620
DOW INC	204,380	213,604
DUKE ENERGY CORPORATION	144,909	671,940
ENBRIDGE INC.	124,948	212,741
EXXON MOBIL CORPORATION	463,979	694,395
GENERAL MLS INC	54,149	72,168
HERSHEY FOOD CORP	310,626	597,000
HONEYWELL, INTL	72,116	559,300
JPMORGAN CHASE & CO
KELLANOVA	135,042	408,650
KIMBERLY CLARK CORPORATION	80,275	97,478
MERCK & COMPANY	179,001	667,035
NISOURCE, INC	18,254	186,500
PEPSICO, INC.	199,175	1,469,227
PFIZER, INC.	387,167	371,280
PHILLIPS 66	56,483	412,545
PROCTER & GAMBLE COMPANY	82,386	248,985
SCHLUMBERGER LIMITED	21,011	120,840
TOUCHSTONE BANK
VERIZON COMMUNICATIONS	408,351	640,088
WALMART INCORPORATED
ORGANON & CO	7,084	15,560
3M COMPANY
BLACKSTONE INCORPORATED	25,926	53,133
CISCO SYSTEMS INCORPORATED	20,991	30,300
CLOROX COMPANY DEL	204,689	238,020
INTEL CORPORATION
JOHNSON & JOHNSON	312,181	304,300
M&T BANK CORPORATION	59,209	100,620
MEDTRONIC PLC SHS	81,394	90,820
NEWMONT CORPORATION
PNC FINL SVCS GROUP INCORPORATED	57,670	100,475
PRICE T ROWE GROUP INCORPORATED	113,551	116,920
QUALCOMM INCORPORATED
STANLEY BLACK & DECKER INC	120,048	140,912
TARGET CORPORATION	158,321	172,387
TRUIST FINANCIAL CORPORATION	282,527	357,150
UNILEVER PLC SPON ADR NEW	90,010	114,760
UNION PAC CORPORATION	49,739	61,948
UNITED PARCEL SERVICE INC	510,459	371,247
VF CORPORATION	219,044	220,745
WK KELLOGG COMPANY COM SHS	21,881	41,475
PAYPAL HLDGS INCORPORATED	28,908	44,290
SCOTTS MIRACLE-GRO COMPANY CLASS	24,306	35,480
PAYCOM SOFTWARE INCORPORATED	41,126	41,512
SMUCKER JM COMPANY COM NEW	173,545	154,991
KENVUE INCORPORATED	101,063	106,450
CONAGRA BRANDS INCORPORATED	57,795	51,780
LEGGETT & PLATT INCORPORATED	102,204	42,240
ALBEMARLE CORPORATION	225,730	169,060
HORMEL FOODS CORPORATION	124,920	104,930
VERTEX PHARMACEUTICALS INCORPORATED	9,816	13,850
MASIMO CORPORATION	28,518	43,557
CATERPILLAR INCORPORATED	157,537	278,580
COTERRA ENERGY INCORPORATED	74,977	83,160
CUMMINS INCORPORATED	169,287	267,188
DEVON ENERGY CORPORATION NEW	225,738	170,500
EMERSON ELECTRIC COMPANY	50,556	77,970
NEXTERA ENERGY INCORPORATED	75,817	71,560
OSHKOSH CORPORATION	25,331	37,830
TIMKEN COMPANY	50,506	52,175
ADOBE INCORPORATED	25,056	21,873
AIR PRODUCTS & CHEMICALS INC	24,306	33,526
AMCOR PLC ORD	23,193	24,300
ASTRAZENECA PLC	63,506	70,760
BERKSHIRE HATHAWAY INCORPORATED	40,988	46,867
BLACK HILLS CORPORATION	28,846	29,365
CHEWY INCORPORATED CLASS A	23,586	58,470
CHUBB LIMITED	38,480	40,782
EATON CORPORATION PLC SHS	30,331	32,644
ELEVANCE HEALTH INCORPORATED	116,487	118,710
FREEPORT MCMORAN INCORPORATED C	19,506	17,925
HUNTINGTON BANCSHARES INCORPORATED	26,068	25,800
KRAFT HEINZ COMPANY	30,077	29,840
MONDELEZ INTERNATIONAL INC	181,773	173,970
OCCIDENTAL PETE CORPORATION	98,687	93,300
PALO ALTO NETWORKS INC	27,556	36,884
PPG INDUSTRIES INCORPORATED	95,188	86,535
SYSCO CORPORATION	24,889	23,699
ZOETIS INCORPORATED CLASS A	24,934	25,635

- TIN:

TY 2024 InvestmentsLandSchedule2

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category/ Item	Cost/Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Land	596,548		596,548	2,020,100

- TIN:

TY 2024 InvestmentsOtherSchedule2

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category/ Item	Listed at Cost or FMV	Book Value	End of Year Fair Market Value
FIDELITY & GUARANTY LIFE INS CO	AT COST	200,000	204,522
AMPLIFY CWP ENHANCED DIVIDEND I	AT COST	159,082	202,848
ATLANTIC UNION BANKSHARES CORP	AT COST	324,698	366,995
FIRST TRUST S&P INTERNATIONAL	AT COST	108,513	107,118
UDR INC REIT	AT COST	104,276	626,100
JP MORGAN EQUITY PREMIUM INC ETF	AT COST	139,189	144,476
GLOBAL X SUPERDIVIDEND ETF	AT COST	196,279	160,968
GLOBAL X NASDAQ 100 COVERED CALL ETF	AT COST	169,150	184,700
STRATEGY SHARES NASDAQ 7HANDL INDEX ETF	AT COST	106,155	108,450
WELLS FARGO & COMPANY	AT COST		1
B RILEY FINANCIAL INCORPORATED	AT COST
CROWN CASTLE INCORPORATED REIT	AT COST	301,133	249,984
ELME COMMUNITIES REIT	AT COST	108,379	152,600
FIRST CITIZENS BANCSHARES PFD A	AT COST	327,934	335,700
GLOBAL X S&P 500 COVERED CALL E	AT COST	56,933	63,540
GOLDMAN SACHS GROUP INC SHS D	AT COST	149,596	153,022
MEDICAL PPTYS TRUST INCORPORATED REIT	AT COST	161,646	89,110
PACER FDS TRUST METAURUS US LAR	AT COST	131,513	187,245
PIMCO DYNAMIC INCOME FD SHS	AT COST	187,327	193,400
REALTY INCOME CORPORATION REIT	AT COST	222,006	218,560
FT VEST RISING DIVIDEND ACHIEVE	AT COST	96,708	102,992
FIRST TRUST TECHNOLOGY DVD BUY	AT COST	70,236	73,381
VANECK MORNINGSTAR WIDE MOAT ET	AT COST
FIRST TRUST PREFERRED SECURITIES	AT COST	16,932	17,770
FIRST TRUST BUYWRITE INCOME ETF	AT COST	65,675	79,447
ISHARES TR 20+ YEAR TR BD	AT COST	97,568	94,880
FIRST TRUST SMID HD PORT. SERIES	AT COST	24,938	32,745
SCHWAB US DIVIDEND EQUITY ETF	AT COST	56,681	62,617
FIRST TRUST SMID HIGH DIVIDEND	AT COST	50,016	55,670
FIRST INTERNATIONAL HIGH DIV EQ	AT COST	49,898	51,414
FT CBOE VEST S&P DIVIDEND ARIST	AT COST	105,208	102,300
GLOBAL X RUSSELL 2000 COVERED C	AT COST	155,657	165,600
JP MORGAN NASDAQ EQUITY PREMIUM	AT COST	72,139	86,205
CAPITAL ONE FINANCIAL CORPORATION	AT COST	220,978	238,750
ALBEMARLE CORPORATION 7.25% DEP	AT COST	107,210	101,300
ALPS SECTOR DIVIDEND DOGS ETF	AT COST	53,441	57,810
AMPLIFY ETF TRUST INT'L ENHANCE	AT COST	128,618	132,303
BANK OZK LITTLE ROCK ARKANSAS 4	AT COST	326,112	318,960
FIRST TRUST AMERICAN AGENDA POR	AT COST	100,142	96,246
FIRST TRUST CAPITAL STRENGTH BU	AT COST	23,229	23,750
FIRST TRUST GLOBAL TACTICAL COM	AT COST	24,093	24,860
FIRST TRUST NASDAQ CEA CYBERSEC	AT COST	56,596	67,600
FIRST TRUST NASDAQ CLEAN EDGE S	AT COST	60,506	60,370
FIRST TRUST RBA AMERICAN INDUST	AT COST	39,006	39,665
FIRST TRUST SELECT DSIP PORTFOL	AT COST	25,347	27,571
FRANKLIN TEMPLETON ETF TR INCOME	AT COST	100,346	98,235
GABELLI UTILITIES FUND CL C M/F	AT COST	245,965	225,438
HUNTINGTON BANCSHARES INC 5.7%	AT COST	23,556	22,450
ISHARES TR PFD & INCM SEC	AT COST	100,882	95,430
JANUS HENDERSON AAA CLO ETF	AT COST	51,251	51,040
NASDAQ-100 HIGH INCOME ETF	AT COST	48,312	54,163
PACER FUNDS TRUST PACIFIC ASSET	AT COST	48,281	47,655
PACER US CASH COWS 100 ETF	AT COST	27,425	29,025
PACER US SMALL CAP CASH COWS 10	AT COST	23,131	22,055
PIMCO DYNAMIC INCOME OPRNTS FD	AT COST	27,811	27,720
PROSHARES S&P 500 HIGH INCOME E	AT COST	42,156	45,510
VANECK MORNINGSTAR WIDE MOAT ET	AT COST	51,081	57,330
VIRTUS INFRACAP US PREFERRED	AT COST	125,908	120,833
FIMM GOVERNMENT PORTFOLIO MONEY	AT COST	1,282,993	1,282,993

- TIN:

TY 2024 LandEtcSchedule2

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
Furniture and Fixtures	35,642	35,140	502	502
Improvements	71,891	41,533	30,358	30,358

- TIN:

TY 2024 OtherAssetsSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ENTERPRISE PRODUCTS PARTNERS LP	67,140	53,649	97,950
ICAHN ENTERPRISES LP	127,980	109,253	34,090
Net Intangible Assets	16,139	11,202
PLAINS ALL AMERICAN PIPLINE LP	-14,676	-15,664	121,968

- TIN:

TY 2024 OtherExpensesSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue and Expenses per Books	Net Investment Income	Disbursements for Charitable Purposes
Amortization	4,937	4,937
HEALTH INSURANCE	53,595	22,926	30,669
INSURANCE	1,250	500	750
NON-DEDUCTIBLE EXPENSES	75

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PUBLICLY TRADED PARTNERSHIPS	-1,677	-1,677
RESIDEO TECHNOLOGIES SETTLEMEN	340	340

- TIN:

TY 2024 OtherProfessionalFeesSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
REGISTRATION & LEGAL FEES	225	90	0	135

- TIN:

TY 2024 TaxesSchedule

Name:

THE TITMUS FOUNDATION

EIN:

54-6051332

Software ID:

24020490

Software Version:

2024v5.2

Category	Amount	Net Investment Income	Disbursements for Charitable Purposes
FEDERAL INCOME TAXES	81,440
FOREIGN TAXES	5,268	5,268
PAYROLL TAXES	18,862	8,033	10,829
REAL ESTATE TAXES	4,001	4,001